Delcath Systems, Inc. (DCTH) vs Tactile Systems Technology, Inc. (TCMD)

Delcath Systems, Inc. and Tactile Systems Technology, Inc. are both Medical Devices companies. Delcath Systems, Inc. and Tactile Systems Technology, Inc. are of similar size ($558.0M and $518.5M). Tactile Systems Technology, Inc. trades at the lower P/E: 20.7× against 1,560×. Delcath Systems, Inc. grew revenue faster over the last twelve months: 35.9% against 17.2%. Tactile Systems Technology, Inc. has the higher net margin (7.10% vs 0.56%) and the higher return on invested capital (15.7% vs −4.49%). Across the 19 metrics below, Tactile Systems Technology, Inc. leads on 13 and Delcath Systems, Inc. on 6.

Valuation

Metric DCTH TCMD Medical Devices median
P/E 1,560.00 20.66 22.18
P/S 5.87 1.47 2.70
P/B 4.62 2.30 2.46
Price to free cash flow 31.98 19.33 22.53
EV/EBITDA n/m 10.84 11.78
EV/Sales 4.88 1.29 2.38
Earnings yield 0.06% 4.84% (8.22%)
Free cash flow yield 3.13% 5.17% (7.80%)

Profitability

Metric DCTH TCMD Medical Devices median
Gross margin 87.05% 76.78% 56.01%
Operating margin (1.90%) 10.00% (15.03%)
Net margin 0.56% 7.10% (20.40%)
Free cash flow margin 18.35% 7.61% (7.24%)
Return on equity 0.47% 11.88% (15.32%)
Return on assets 0.42% 9.00% (19.72%)
Return on invested capital (4.49%) 15.74% (10.33%)

Growth

Metric DCTH TCMD Medical Devices median
Revenue growth (TTM) 35.85% 17.22% 8.80%
EPS growth (last fiscal year) 107.53% 17.14% —
Revenue growth, 5-year CAGR 120.21% 11.98% 15.23%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric DCTH TCMD Medical Devices median
Debt to equity 0.00 0.00 0.07
Current ratio 9.83 4.12 2.50
Net debt to EBITDA 132.51 (2.76) 0.49

Dividend

Metric DCTH TCMD Medical Devices median
Dividend yield — — 0.94%
Payout ratio 0.00 0.00 0.00

Size

Metric DCTH TCMD Medical Devices median
Market cap 557.96m 518.51m 172.91m

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